Replies to post #16527 on Cotton & Western Mining Inc. (CWRN)

[temeku999]

Thank for the great DD. I like the email allot

[Impact625]

nice DD, thanks for sharing Digra!

[Militia Man]

I like compettion.. Nice!! Pick and choose.. $$is$$

[Piecemaker]

Now that's a pro-active shareholder. NICE work, Dmitri! thank for sharing that and I hope you forward the entire thing to Bob.

Sounds like they are wantin' our ore. Sell to the highest bidder who can bang the cash on the barrelhead.

[Militia Man]

Man O Man! I had to read this again and again.. Highest Bidders? Bob, you the man and know what you own!!

Thanks again..

Rocekt Man

CWRN very very hot. Please read it !!!
Full private correspondence with China Hua Dong Corp. Ltd.
Enjoy guys !!
---------------------------------------------------------
Chronology: Starts in bottom
---------------------------------------------------------

Date: 7 January 2011 03:15
Subject: Re: [EC21 Inquiry] Re : Cotton & Wester Mining LOI

Dear Mr. Dmitri,

This LOI is signed by us. But CWRN did not give us any cargo because they have no production ready for shipment.
Nowadays, Robert/Bob was saying they may have first shipment around a month time. And he has many buyers to choose etc.
I hope you can help us to finalize some contracts. Thanks.

Best regards,
Ms. Gladys GUO

Xiaoyan (Gladys) Guo
Purchase Manager
CHINA HUA DONG CORP LIMITED

----------------------------------------------------------------
Sent: Friday, January 07, 2011 1:17 AM To: gladys
Subject: Re: [EC21 Inquiry] Re : Cotton & Wester Mining LOI

Dear Mr. Gladys

Thank you for offering your support.
I actually want to know if LOI which was signed by China Hua Dong Corp. Ltd got any future attention by CWRN.
Did this document become the contract between two companies or it wasn't realized at all ?
It would be helpful to know why.

Here is link for this document
http://www.cottonwestern.com/pdf/LOI%20China%20Hua%20Dong%20Group_Page_1.pdf

Your sincerely,
Mr Dgraive

--------------------------------------------------------------

On 6 January 2011 09:40, gladys <[e-mail]> wrote:
Dear Dmitri,

I see, so what can I do for you?

Best regards,
Gladys

----------------------------------------------------------------

Sent: Wednesday, January 05, 2011 7:02 PM To: [e-mail]
Subject: Re: [EC21 Inquiry] Re : Cotton & Wester Mining LOI

Dear Gladys.

There is probably misunderstood. I'm shareholder of CWRN and just wanted to get more information on letter of intents, LOI,
which was signed by China Hua Dong Corp. Ltd and delivered to Cotton & Wester Mining at July of 2009. During the last one
and half year, your company wasn't mentioned in no one of CWRN's PRs. That is the reason why I wanted to know more aboutÂ
the relations of CHDC and CWRN.

Your sincerely,
Mr. Dgraive

---------------------------------------------------------------
Date: 2011.01.05

Dear Digra Ive ( ID: NM03186634 ),
Congratulations! You have received a new inquiry.
China Hua Dong Corp. Ltd has sent you an inquiry from [Replied Inquiry posted on EC21.com.

Subject Re : Cotton & Wester Mining LOI

Dear Sir,
We are still interested in purchasing Iron Ore with your company. Kindly send us your offer please.
In 2010, we imported 5 million MT Iron Ore to our mills in China.
Please kindly provide your email, I will send you our updated info.
Thanks.

Best regards,
Gladys
[phone]
[e-mail]
[e-mail]

[microcaps1]

The iron market is so volatile and hot that annual contracts are no longer used.
Completely different market conditions than a couple years ago.
A few years ago China was setting prices by fiat(an odd buyer control monopoly) despite growing demand until suppliers gained the upper hand a few years ago-so the buyer can no longer set prices for various reasons.

For most companies,including CWRN, everything is now based on spot price on 90 day contracts,w a one month price lag to keep price fairly current,and ,as noted, the seller has his choice of many buyers until a solid 90 day contract is signed. I could reference a source to confirm but have not been given permission by the source provider yet-has nothing to do w inside info and is searchable on the web.

I don't think any LOI from 2009 would have any meaning under these changed market conditions-though the buyer would love to lock in such a deal.

Sorry temeku we have not been providing much reading material lately, as you noted, but reality -conditions on the ground-are finally disproving 100's of "it cant be done for this reason" contentions by detractors. So truth telling is not so urgent now.
Some big boys discovering the company w spikes eod yesterday and today?

[trader01117]

Thanks.

[temeku999]

also shows for people that say we have no contract, they still want our iron

[MaxShockeR]

GJ Just adds more and more to the DD for CWRN

like the part she misunderstood hehe ....

[ImOnABoat]

Excellent due diligence! Great job, Digra!

[Impact625]

excellent DD, the mode of China black gold is On!!!:)

[homey_g]

Thank you very much with posting that follow up on the LOI!